Mourinho appears to confirm Manchester United interest in signing Sanchez

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That is the question that Sanchez is being faced with for real, with both Manchester City and Manchester United chasing the Chilean this month.

Wenger said: "It looks like Sanchez will not extend his contract". "He's a great player and he knows very well that in my first season at Juventus we tried to buy him from Udinese, and then he made a decision to go to Barcelona". Okay the club wants £50million, £60m, because they want to replace me, they have to spend £50m or £60m, it will not happen, so I wait and I take a chunk of that contract in signing-on fee.

The Gunners, who maintain they have not yet received an approach for Sanchez, have been linked with Bordeaux's Brazilian forward Malcom. The first time he insulted me, I had a response, a response that I know touched the point where he really feels hurt.

Arsenal want £35m for Sanchez, while the player's agent, Fernando Felicevich, is also said to be demanding a fee of around £5m for facilitating the deal.

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Arsenal have a raft of footballers, such as Aaron Ramsey and Danny Welbeck, who will be out of contract at the end of next season, even if Wenger is not in a rush to have them sign as soon as possible.

Both Nasri and Van Persie ended up at the Manchester club they were least expected to join when their respective transfer sagas began, so perhaps Sanchez will follow suit. United's interest does not appear to be making the league leaders falter in their stance. The only word I can say is the what everyone says - he is a phenomenal player. Pep Guardiola has even confirmed Gabriel Jesus is not too far off a return and has spoken openly about maintaining "squad harmony". After all, they were determined not to pay over the odds for Kyle Walker last summer but, when it came to the crunch, they stumped up to sign the defender from Tottenham.

When asked by reporters if Sanchez will stay at Arsenal if a replacement is not brought in, Wenger said: "You sum it up very well".

"He surely wouldn't just say it for the sake of saying it, there's got to be something going on". "Because the difference on wages between the big, big clubs - financially I speak - and us has become big. And I have great respect for the plan of the others because everyone tries to kill you".